We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
 Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old history. Yesterday, the Baltic Dry Index, a leading gauge which tracks the cost to hire a dry bulk carrier, hauling commodities such as iron ore and coal, kept its upwards momentum, albeit it showed the first signs of fatigue after almost eight weeks of rallying.
The BDI ended at 4,661 points, up by 18, but the Capesize sector posted its first daily drop in many days, with the relative index (BCI) now at 8,056, down by 187 points. Still average daily time charters for capesizes stand at $ 87,118, close to this year’s highs.
According to Jim Wong, an analyst with Nomura Holdings of Hong Kong, the Baltic index will average 4,000 points in 2010. In a relative report he mentioned that the 4,000 level implies all contracts are profitable. He also added that “we reiterate our bullish view on the dry-bulk shipping sector, as we expect dry demand, mainly from China, will continue to improve, coupled with less-than-expected supply resulting from order-book delays and cancellations.”
Those are the good news thus far, since the market has raced towards the end of year, a rally which helped some owners find their optimism, book some good deals and boost their finances. But, once again, this latest rally of more than 450% from the beginning of 2009 has been fuelled by Chinese iron ore imports and ship congestion in key ports of China, Australia and Brazil. As everyone in the market knows, this factor is quite volatile and as soon as iron ore stocks in China are replenished, the BDI could very well head the opposite direction.
This time more than ever, it’s imperative for owners to scrap their older vessels, as they will compete with their younger ones, as soon as they are delivered. According to Peter Norfolk, director at SSY Consultancy and Research, who was quoted by Bloomberg, at the start of 2009 about 170 Capesize vessels were on order for delivery this year alone. However, net new ship availability amounts to just 35 vessels currently, as a result of scrapings, congestion and the fact that some greenfield shipyards have either not been built or have not delivered on schedule.
About 300 Capesize vessels were on order for 2010, Mr Norfolk said, but there was huge uncertainty over how many would be delivered.
Meanwhile, it is estimated that a total of 600 new building orders have been cancelled by ship owners. Out of them, about 400 ships or 65% are dry bulk carriers, with reportedly 120 of them Capesizes. however, this doesn’t mean much, as most yards continued building the vessels, in hopes of finding other buyers, which in fact has been the case with many Chinese owners, who are backed by local banks and of course the government.
Another interesting factor is that the main volume of cancellations occurred until May. Since then, the rate of cancellations was practically erased, with virtually no other cancellations, apart from a handful of tankers and container ships. Still, China alone seems to be able to support the market, as the country is investing in public works, which alone is a boost for demand of raw materials, while the real estate market is also on the rise.
As long as other economies return to the market, with the exit from the recession slowly becoming a reality (Singapore was another country which declared its economy is now out of the recession), dry bulk owners will have more things to cheer about.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
|
|
|
Showing 6236 to 6240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Planning Commission, India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Mercator Lines Limited - India
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
|
| |
| |
|
